Jefferies analyst Jaina Mistry maintained a Buy rating on PPHE Hotel (PPH – Research Report) today and set a price target of £17.00.
Jaina Mistry’s rating is based on a combination of factors, including the company’s strategic positioning and future growth prospects. Despite a slight decline in RevPAR in Q1, there is an expectation of improved performance in Q2 due to seasonal factors like Easter and current trading enhancements. The management’s confidence in meeting the FY25 consensus range further supports this optimistic outlook.
Moreover, the company’s forecasted 11% EBITDA CAGR from 2024 to 2026, driven by the opening of new pipelines and increased profitability, strengthens the Buy rating. Additionally, PPHE Hotel’s stock is currently trading at a significant discount to its EPRA NRV, presenting a potential value opportunity for investors. These elements collectively contribute to Jaina Mistry’s positive assessment of the stock.
According to TipRanks, Mistry is ranked #3769 out of 9371 analysts.